As the rumours swirl of Tim Hortons’ parent-company Restaurant Brands International taking over Popeyes, a new report suggests a deal will be announced this week.

CNBC states sources at Reuters says, “Restaurant Brands Intl, owner of Burger King & Tim Hortons, nears deal to acquire Popeyes; deal could be announced this week.”

The terms of the deal are not yet known but the report indicates that Popeyes is value Popeyes at over $1.7 billion USD. Popeyes is based in Atlanta and is known for its Louisiana-style fried chicken and buttermilk biscuits. The chain has over 2,000 restaurants, with 1,600 located in the United States.